Jean Tirole was awarded the 2014 Nobel Memorial Prize in Economic Sciences.
His work focused on the analysis of market power and the regulation of industries with a few dominant firms.
This research helps governments design policies to handle monopolies and promote competition.
Why Other Options Were Wrong
Option B: Patrick Modiano won the Nobel Prize in 2014, but in the category of Literature, not Economics.
Option C: Eric Betzig was a co-recipient of the Nobel Prize in 2014, but in the field of Chemistry.
Option D: Alvin E. Roth is a Nobel laureate in Economics, but he won the award in 2012, not 2014.
Related Visual
Clinical Relevance
Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain 2014 Nobel Prize in Economics as background academic context rather than a clinical decision trigger.
While not a clinical question, general knowledge is an integral part of nursing entrance exams, testing a candidate's overall awareness and intellectual curiosity.
Understanding major global awards and the achievements they represent demonstrates a well-rounded educational background, which is valued in professional fields like nursing.
What if the question asked about the 2014 Nobel Prize in Physiology or Medicine? The answer would be John O'Keefe, May-Britt Moser, and Edvard Moser for their discoveries of cells that constitute a positioning system in the brain.
How to Approach the Question
Identify the key elements in the question: '2014', 'Nobel Prize', and 'Economics'.
This is a factual recall question. Access your knowledge of major world events and awards from that year.
Evaluate each option. Even if you know the correct answer, consider why the other options are incorrect to confirm your choice.
For example, recognize that other options might be Nobel winners from different years or different categories.
Select the name that correctly matches all three key elements: the specific year, the award, and the field.
Concept Tested & Keywords
Concept Tested: 2014 Nobel Prize in Economics
Stem keywords: 2014, Nobel Prize, Economics
Lead-in keywords: Who
Question ID
QbX8MxABJj7_10cN1hpjmb
Practise the full KPSC Staff Nurse - 2015
Attempt every question from this paper in a timed mock, then review the full solution for each one.